Izvestia: raising the retirement age will reduce the costs to the budget 1.7 trillion rubles

MOSCOW, 7 July. /TASS/. Raising the retirement age to 63 years for women and 65 years for men by 2035 will reduce the transfers from the Federal budget of 1.7 trillion rubles – up to 2 trillion roubles. On Friday the newspaper “Izvestia” with reference to the senior researcher of the research Institute of the Ministry of Finance (Fri) Tatiana Omelchuk.

Nifi experts suggest that raising the retirement age to 63 years for both women and for men, will reduce the costs to the budget of 1.4 trillion rubles to 2.3 trillion rubles. In the first case, the number of people of retirement age will decrease by five million people, the second – three million people, said Omelchuk.

According to the Fri, if the retirement age is not raised, the government will not be able to index pension accrual at a high rate.

“Raising the retirement age is inevitable, otherwise we will have to index pensions very low rates, at best on the level of inflation,” – said researcher of Fri of Ministry of Finance.

As reported earlier, the head of the Center for strategic research (CSR), former Finance Minister Alexei Kudrin, raising the retirement age in Russia should ensure the growth of pensions by 30%. The head CSR has repeatedly expressed the view that to raise the retirement age have already from 2019 to 2020. In its strategy, the centre provides for raising the retirement age to 63 years for women and 65 years for men annual semi-annual increments, starting from 2019. As a result of this action, believe in CSR, the number of pensioners will decline by 9%.